Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold faded after a $4,132 spike in U.S. hours, sliding to $4,038 as sellers regained control.
Technical outlook
- SMAs: Overhead and acting as dynamic resistance, likely capping recovery attempts.
- RSI: Continues to flash negative momentum, underscoring weak upside follow-through.
Base case (bearish while below $4,110 / $4,117)
- Maintaining trade below $4,110—and more broadly $4,117—keeps the downside favored.
- A decisive break/4H close beneath $4,038 targets $4,023 first.
- Below $4,023 would strengthen the slide toward $3,983 next.
Invalidation / upside toggle
- Reclaiming and holding above $4,117 would negate the setup and allow a rebound toward ~$4,171.
Event risk
- U.S. NFP, unemployment, and average earnings today could spark sharp volatility—consider tighter risk controls around the release.
Risk note
Gold trading carries elevated risk and may not suit all investors. Use prudent sizing and firm stops; reassess quickly if key levels give way.
Risk Disclaimer: Trading CFDs involves risks, and therefore all scenarios may be plausible. The content above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 4023.00 | R1: 4117.00 |
| S2: 3983.00 | R2: 4171.00 |
| S3: 3930.00 | R3: 4211.00 |
